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Cyient Ltd Q3 PAT up 38.16% at Rs131.80cr on sharp spike in operating profits from Services Vertical

Cyient Ltd reported 13.32% growth in total revenues for the Dec-21 quarter on consolidated basis at Rs1,183.40cr

January 21, 2022 8:25 IST | India Infoline News Service
Cyient
Cyient Ltd reported 13.32% growth in total revenues for the Dec-21 quarter on consolidated basis at Rs1,183.40cr. On a sequential basis, the revenues were higher for the quarter by 6.46%.

During the quarter, Cyient reported 13.62% growth in the top line revenues of the Services vertical at Rs968cr. For the design led manufacturing vertical, the revenues were higher yoy by 11.92% at Rs216cr.

The services portfolio comprises transportation, communication and utilities while DLM focuses more on the digital side of the business.

The consolidated Profit after tax (PAT) for the Dec-21 quarter was up 38.16% at Rs131.80cr. The boost came from the operating profits of the services vertical where the profits saw growth of 60% yoy at Rs149cr.

However, the operating profit of the design led manufacturing vertical fell by -35% at Rs14.70cr. PAT margins were higher from 9.14% in Dec-20 to 11.14% in Dec-21 quarter.

Sequential net margins were marginally higher by 23 bps as the cost pressures have been showing in the latest quarter.


Financial highlights for Dec-21 compared yoy and sequentially


Cyient Ltd
Rs in Crore Dec-21 Dec-20 YOY Sep-21 QOQ
Total Income (Rs cr) ₹ 1,183.40 ₹ 1,044.30 13.32% ₹ 1,111.60 6.46%
Net Profit (Rs cr) ₹ 131.80 ₹ 95.40 38.16% ₹ 121.30 8.66%
Diluted EPS (Rs) ₹ 12.01 ₹ 8.67 ₹ 11.05
Net Margins 11.14% 9.14% 10.91%

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